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20131202
20131210
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Bloomberg
Dec 9, 2013 1:00pm EST
the companies with court orders that hacking into the system overseas where the laws do not apply. it might have been what pushed them over the edge to get involved. >> the people who run the companies are powerful. they account for a large part of the united states economy. how is the government likely to respond? >> this as a whole new voice to the privacy debate. by this he advocates and members of congress have been taken -- taking a principled stake. this is really a game changer. president is expecting a report from the pointed review rupe just this week. president obama said he is trying to get the nsa to impose self-restraint. some will be proposing self-restraint on the nsa. and to initiate reforms that can get people more confidence. i want everyone to be clear, people of the nsa generally are looking out for the safety of the american people. they are not interested in reading your e-mails or text messages. >> president obama speaking on hardball. what kind of reforms eu imagine the president is talking about he phrases the way it as self-restraint will not be enough. the nsa artie ha
Bloomberg
Dec 9, 2013 6:00pm EST
the white house and congress to reform surveillance laws. google and yahoo! and apple have joined forces. it shows the government has gained access to some of the secret servers. in an open letter, they called for the white house and congress to reform surveillance laws writing "we urge the u.s. to take the lead and make reform to ensure that surveillance efforts are restricted by law in proportion to the risk and transparent to subject of oversight." earlier we spoke to michelle richardson. a legislative council where she focuses on cybersecurity and government transparency. emily started by asking the letter was more of a political statement said the companies have cooperated in the past. >> what may have prompted the new movement as the recent revelations and the last month is that are not serving the companies with court orders but they are hacking into their systems overseas where our laws do not apply. it may have pushed him over the edge to get involved. who run theeople companies are powerful people -- mark zuckerberg, larry page. account for a large part of the united states eco
Bloomberg
Dec 8, 2013 6:00pm EST
.s. regulators have widened their injuries, seeing whether they broke anti-bribery laws. ended this.he bank we are waiting for official results from india state elections. the opposition is seen as the big winner. he is ahead in three state polls. they give a pointer to the national vote which much be held by monday. could add aeal that trillion dollars to the economy. u.s. compliments on food subsidies in a latin american block. president obama praised the draft agreement. analysts say it will do more to salvage the long-running doha round of talks and to solve food shortages and tell global commerce. more on this deal later. we're going to hear. the u.s. and japanese economies will recover the most next year. find out more from the chief economist when "first up" returns. ♪ >> australia's largest insurer shares are plunging, the biggest drop in 12 years up down 21%. it is paired off that one. unexpected net loss of about $250 million. it is due to write-downs at the north american operations. this is a stock where watching for you this morning. qbe falling the most in 12 years. that will b
Bloomberg
Dec 8, 2013 8:00pm EST
york times saying regulators have widened their inquiry as to whether jpmorgan broke anti- bribery laws. last month the bank and it plans to manage china everbright ipo amid scrutiny. the wto celebrity a landmark deal that could add $1 trillion to the global economy. subsidies on food dropping opposition to a deal. president obama praised the agreement which is a first in the 18 year history of the wto. analysts say it will do more to salvage talks then food shortages and help global commerce. to basically out get an agreement among all of us since 2001 or even earlier in 1995. we have not been able to get an agreement. that is the first part of the significance. ,he second is that the package even though it is small but ambitious in the sense that it basically delivers on parts of economies and the agreement that was reached, i think will set a very good traction for the purpose of moving ahead on development. this is not so bad. >> we are also waiting for official results from india's state elections. the opposition has be seen at the big winner. beginnal state will counting today. pa
Bloomberg
Dec 5, 2013 7:00pm EST
, laws that segregated society and made colored south africans second-class citizens. byst, mandela was moved gandhi. more aggressive, so did he. as the head of the armed wing of led ational congress, he violent sabotage attacks and was arrested and tried in 1962. he would spend 27 years in jail that he was never forgotten. eventually, international and to sayl pressure led apartheid would be dismantled down the mandela would walk free. rather than seek richer view hising, he reached out to former oppressors trying to heal a divided nation. 1990 three, they shared the nobel peace prize. for fellow south africans and we want them to is crucial toh the contribution they have made towards a democratic party. >> he voted for the first time in 1994 with millions of his fellow black south africans. he became a statesman, an international icon. for south africa, he was a symbol of the country it wanted to be despite struggles with poverty, racism, and aids. free of any idea of any reasons or recrimination. >> many will remember him celebrating south africa's place on the world stage as the
Bloomberg
Dec 6, 2013 5:00pm EST
constitutionalism, and the rule of law, open market economies, diversity, and non-racialism. >> i am extremely sad. it is tragic news. just remind it what an extraordinary and inspiring man nelson mandela was. my thoughts are with him and his family. >> i want to introduce you now to an ambassador who has dealt with nelson mandela in the past, the first woman u.s. ambassador to south africa, and the senior director for african affairs at the national security council, currently a distinct professor at carnegie mellon university and also the director of the carnegie center for international policy and innovation. ambassador, thank you so much for joining us. tell us about meeting nelson mandela in person and what it was like. >> i first met nelson mandela in 2001 at the white house in the oval office when he came to meet with president george walker bush. i was, of course, like everybody else in the white house, all inspired.-- awe- he was frail at the time, but he was a very straight up guy, very tall, a magnificent presence. and even though president bush, for instance, help him walk out to the r
Bloomberg
Dec 9, 2013 5:00pm EST
. begin trading, it was ranked the top performer in the world. they hope it will continue when new laws come into effect allowing dual listings. is to open updea the idea for foreign capital. >> one is oscar mendoza. was one of the hot spots for economic development. he has open a mexican restaurant in the heart . >> i want to bring in nasdaq senior vice president bob on the who joins is telephone and video from dallas, texas. thank you very much for making it through the snow and bad weather to make it to the studio. much appreciated. you have something to celebrate. how did you manage to get american airline group on the nasdaq? what we did was use the opportunity of these two companies coming together to and to speak to them about the opportunity of becoming part of the nasdaq family. we think we have a very strong proposition. we spoke to them about what we have been doing to enhance this experience for our companies. world has changed very dramatically. we wanted them to get the great benefits of the nasdaq listing. they were open to that opportunity. and allowed us to come in talk
Bloomberg
Dec 9, 2013 8:00am EST
-- bribery law exchange for having business steered directly to their firm. mike mckee is joining us. dennis is joining us from washington. dennis, let's start with you. you say this is been a long time coming. reason whyctly the these banks should be regulated even more. >> i'm not so sure it is quite that. we have a far-flung operation of global banks. the headquarters in new york have no idea what is going on. there appear to be reports of systemic illegal contact -- conduct in china. jpmorgan, jamie dimon and his executives had no idea what was going on with london whale. when you have banks this egg throughout the world, they're not just too big to fail, they're too big to manage. this is the latest example. >> i wonder what the report made you think today. i was amazed at the spreadsheet that they had. they were tracking the value of the hiring of family members. in particular, there was one family that they said the new york office would be surprised by his napping habits. i wonder what was most egregious to you. >> it reminds me of the libor scandal. these far-flung operations thinks
Bloomberg
Dec 5, 2013 3:00pm EST
place overseas and does not seem to be in violation of any domestic laws to protect the privacy of americans, even though when they do this abroad, that includes americans who may be traveling abroad. this is what has happened since post 9/11. it has been going on for a decade. >> certainly we realize we ought to give up a little bit of liberty in order to reserve security. i think everyone understands that. how we eat is a cell phone? is there a way i can turn it off? than your more leaky social networking site count. i can tell you that. it is not a cell phone anyone is monitoring. when you install foursquare or twitter, they aren't tapping into the same generic functionality. it is the chip. they have chips. take it out and put a new one in. >> do you think people just need to realize this is the world we live in right now? having a phone location is an easy thing to follow. basically have access to a lot of information that you would not want them to have access to, but is for the overall good of society in that hopefully it will prevent another 9/11? >> that is basically th
Bloomberg
Dec 5, 2013 4:00am EST
-- on --is based >> how locked in is the government to that? >> it is part of european law and domestic law. to get off that pathway, we have change the climate change attitudes in 2008. postelection, maybe there will be. postelection it will be see the goal of the data rebalance explicitly between decarbonization and affordability. we often just fine short-term measures. >> we are going to leave it there. thank you very much indeed. francine, over to you. >> for those listening on bloomberg radio, the first word is up next. for our viewers, a second hour of "the pulse" is coming up. first of all it is the autumn statement. a house of lords member joins us for the full half-hour. we talk the sludge revolution from tel aviv. watch out, not only for the bank but forral that autumn statement. manus cranny will be joined on green eye a couple of guests . it is going to be a big one that you don't want to miss. we are taking those news conferences live and in full. you can follow both guy and i on twitter. we will see you in just a couple of minutes. ♪ for news fromrace the ecb and the bank of
Bloomberg
Dec 6, 2013 4:00am EST
, he began opposing minority's policy of apartheid laws that segregated society. first, mandela was inspired by approach of nonviolent resistance. as white south africa became more aggressive, so did he. as the head of the armed wing of the african national congress, mandela led violent sabotage attacks and was arrested and in 1962. he would spend 27 years in jail. he was never forgotten. eventually, international and internal pressure led president klerk to announce apartheid would be dismantled and mandela would walk free. rather than seek richer view showing, nelson mandela reached oppressors.ormer he tried to heal a divided nation. and the clerk -- de klerk shared the nobel peace prize. >> in 1994, he voted for the with millions of his fellow black south africans. became a statesman and international icon. for south africa he was a symbol of the country and wanted to be despite struggles with poverty, and -- >> free of hatred, free of ofterness, free of any idea revenge. --many will remember this mandela celebrating south africa's place on the world hosted the 2010 soccer wo
Bloomberg
Dec 4, 2013 7:00pm EST
" continues in a moment. ♪ >> the police car is a key component of how law enforcement officers protect and serve. some think that those gas guzzlers of the past are in desperate need of a facelift. matt miller reports. from blues the scene brothers were ellwood tells his brother jake that a new ride was in the power plant? >> cop shocks. forward 30 years and every cop car out there is still pushing a v-8 engine until now. board puts out 66% new power than the blues mobile by bolting on a couple of turbochargers and it is only a v6. 5.66 seconds. it is not all about speed and efficiency. remember, criminals shoot at these cars. the interceptor uses body armor -- table of stopping a full metal jacket. the company has software that uses a rearview camera that alerts the car to bad guys creeping up behind. it will automatically roll up the windows, lock the car, and sound the alarm. of course, most officers would rather not get jumped or shot at. the tracker sticks to the car and leads police straight to the fugitive. no high-speed chase necessary. ,hile police forces upgrade outlaws on th
Bloomberg
Dec 4, 2013 9:00pm EST
law. a court of appeals agreed with him. >> first, you are probably thinking, why is the highest court in the land taking up a fight over frequent flyer miles? seriously. as it turns out, it is bigger than it sounds. it is states rights versus federal jurisdiction, precedents set within jurisdictions and what companies can and cannot offer as rewards. >> i do believe airlines should have the ability to punish customers who abuse them. there are clear rules whose -- that state how you should behave with the frequent flyer program. one passenger took the mile simply because he had too many. i know many people with many more millions who are just fine. the airline is not just going out and deleting accounts. i do believe that he was abusive, probably. but the airline should not be able to hide behind the deregulation act and that consumers have no say whatsoever. >> which consumer is more profitable for the airline, the one who uses the point constantly or the one with the sapphire status? >> was passengers can be tractable. -- both passengers can be profitable. they cannot just go in and
Bloomberg
Dec 6, 2013 12:00pm EST
, he began opposing the white minority's i'll see of apartheid, laws that segregated and made colored south africans second -- second-class citizens. at first, mandela was inspired by gandhi's approach of nonviolent resistance. as white south africa became more aggressive, so did he. as the head of the armed wing of the national international he was arrested and tried in 1962. he was then 27 years in jail and was never forgotten. eventually, international and internal pressure led to announcing it would be dismantled and he would walk free. rather than seek recognition, nelson mandela reached out to his former pressures -- oppressors. he shared the nobel peace prize. >> we want them to feel safe. the will appreciate in death and what they have made. >> he voted for the first time with millions of this fellow black and. statesman, an international icon. despite struggles -- >> free of any idea. >> many will remember this. mandela celebrating south africa's place in the stage is hosting 2010 soccer world cup. >> africa loves him. >> it reads, thank you for our dignity. internationalf su
Bloomberg
Dec 8, 2013 10:00pm EST
decided to protest against the controversial amnesty law which would have granted amnesty to y luk's brother, the former prime minister of the country who was a controversial figure. that thesters say decision to dissolve government and call for a national referendum is not enough. they want to rid the country of the influence of toxins. it is not clear how they would do so. they called for an unelected council to do just that. we have opposition lawmakers quitting on sunday. the democratic party opposition with lawmakers taking to the streets to add their support of this campaign. an election must happen in time and within 45 to 60 days. it is anyone's guess what happens today. we have heard from both sides, the prime minister, the government and the opposition, that they want to avoid violence. they will use clubs and batons instead of rubber bullets, for example here in the military remain in mum. reporting saying they have sent a peaceful resolution. we will stay on top of the very latest in bangkok. >> live for us in bangkok. thanks. >> the wto, the wto, is celebrating a landm
Bloomberg
Dec 9, 2013 2:00pm EST
dollar trillion per year, higher than what is under current law. sequester cuts would be replaced by revenue in other areas, but they are avoiding the big questions, no major changes to taxes or entitlement programs. murray and staffers continue to make progress over the weekend but the deal taking shape already has some critics, like powerful maryland and virginia lawmakers proposing that they receive more money for their pension plans. conservative republicans do not like the idea of putting the current spending cap there. democrats want more on emergency spending benefits with unemployment at seven percent, which is a tough sell right now to republicans. a lot of things out there for people not to like in this deal, so it is no slam dunk even if the deal is sealed by friday. >> peter, thank you very much. budgets in washington, d.c. to back in new york and fending off activist investors, at least one in this case. bill ackman, that is one of the names you need to know. herbalife has added an independent orton member with an illustrious career focused on poverty and is approachi
Bloomberg
Dec 5, 2013 6:00am EST
of product delivery that often ignore that law. we have the chief executive orks joins ustaw now on the inconvenient truth that some of these may face. what do you predict it may happen to these really interesting social experiences? >> specifically the ones tied to physical products? >> tied to physical products and they have to deal with the city, state, and federal regulation. >> tim talked about it earlier, but i think you will see over the next two or three years, you will see governments -- local, federal, international governments or non-u.s. governments, get involved in a coastal -- in a whole slew of technology related things. as it relates to businesses like uber, as they scale up you will have local cities trying to figure out how it relates to their existing franchises an existing fleets. .t will be very uneven i am saying generally government should stand back away from this le atse government's ro this stage, you can't actually discern what the new economy -- >> for example, do you predict the city of new york will stand shares uber takes market from limos and taxic
Bloomberg
Dec 6, 2013 3:00pm EST
there -- >> it should be private. we have these massive hipaa agreements. right? laws. that also retard everything you try to do. our phone calls were private and it turns out they weren't either. being tune of 5 billion tracked every day. >> did you think the n.s.a. wasn't tapping your phone? tapping myey're genetic data. >> i've known ever since the and gene hackman movie that the n.s.a. was listening to everything. state."f the >> you're ok with it? >> you just know it's happening. that's what the n.s.a. is supposed to do, covert separations that we don't expect but know are happening. that's the n.s.a. take on get your first monday. here's a look at what's next on ."treet smart >> grading the jobs report. the former chairman of economic advisors, ed lazear and new jersey congressman scott garrett deliver washington's review of report.oyment >> america is getting back to work. today's job report shows u.s. unemployment is down to a impressiveow, an milestone for sure. but our next guest says we are not out of the woods yet. seven-year target on our recovery. and he might know. chairman ofmer econom
Bloomberg
Dec 9, 2013 6:00am EST
law. we will have several members on capitol hill and this is one of the questions they will have to answer. rollout, theo the website is operating better. they will make this point over and over. >> lawmakers actually have a deadline of their own to sign up for the affordable care act. how is that going? >> there is actually a different website. technically, they are members of a small business. that is the congress of the united states. they are operating off of the d.c. exchange. the deadline is december 23. december 9 is the deadline for members of congress understaffed to sign up for individual plans. they want to be forced to eat their own cooking. many are signing up. many are finding that they are having problems. they're also getting sticker shock themselves. the speaker of the house complained about his premium ebeling. >> to know what the deductibles will be for a senator from west virginia? >> i can tell you that john boehner selectable is going to be $1000. that has gone up. he is a 64-year-old smoker with a stressful job. ,f you are on a family plan also your age --
Bloomberg
Dec 5, 2013 8:00am EST
this morning and regulators will vote next week on a law that could affect $44 billion in revenue from the five to get banks. microsoft expanding encryption to protect customer information following reports that the government was intercepting data. the company is also stepping up legal efforts to protect the data. belown plunged 20%, $20,000. the people's bank of china said bitcoin is not a currency with real money -- meaning, and does not have the same legal status as hard currency. it might in the future. we're standing by for the latest read on the economy. initial jobless claims and personal consumption on deck. we have a jobs report tomorrow. michael mckee has the real deal on the numbers. data, two other central banks have their decisions -- no change on the ecb or the bank of england. >> but it does tell us something. there are implications for both of the banks in making no decisions. the bank of england, their economy is picking up and the government raise their economic nexth forecast to 2.4% year. should that push up inflation, they have a problem. they are already at 2.6%. by doing
Bloomberg
Dec 6, 2013 6:00am EST
to the rule of law pt is the president of the consulates of foreign relations. ambassador, this moment has been a long time coming. what is the view forward? >> south africa was the beneficiary for two grateful things. first was the peaceful transition of apartheid to a new political system and his own willingness to live -- and to give up political power after one term as president. the problem has been since then, the challenge is institutionalizing them up or see, making it a viable economy. -- institutionalizing democracy, making it a viable economy. >> what could be a positive u.s. policy e we have paid lip service but is very tangible projection of washington to benefit south africa and the rest of the sub-saharan continent? >> absolutely. africa will grow south of the , five percent. i think the real possibility is with the growing trade to the u.s. market. we are beginning to see private investment, private equity, and other forms of investment going into south of the sahara. this is potentially one of the positive stories on the world , with the world economy. it is not get as muc
Bloomberg
Dec 9, 2013 2:00am EST
it will put in place of martial law and this planning to dispatch the policy chief to try and mediate between the two sides. >> economically, the situation seems to be deteriorating. if the country facing a default? according to the prime minister who said, yes, the country is. can billion dollars. the country is facing its third recession. -- $10 billion. -- the country is facing its third recession since 2000 10. data may be why we saw the president in china last week. he met with vladimir putin. that is what gave rise to the rumor that he is preparing to sign some sort of trade -- russian trade bloc and has made these protests get quite heated yesterday. the question is, will the protest get even worse or will they start to move towards the presidential palace and demand elections? we will be watching. >> thank you. >> moving on. the world trade organization has itsailed is -- revealed trade agreements. they could release $1 trillion. >> that is the issue. it takes 19 years to negotiate your first deal and people wonder if it should be negotiated at all. you really have seen that recently.
Bloomberg
Dec 9, 2013 3:00pm EST
of the same where the biggest challenge, the united states, 50 states, 50 state legal systems with federal law, making it more challenging. when colorado and washington voted to legalize last year, it had a catalyzing impact across the country. jumping to 58% here now, the same will happen with uruguay. what is going to happen after that is public opinion around america and other parts of the world are going to step back and watch this play out. they are going to legalize -- realize that legally regulating this stuff is a real option and countries are doing it, why not do the same instead of persisting? >> we have seen a number of former presidents, like in mexico, brazil, they were on set in terms of legalizing drugs in general, including marijuana, dealing with the crime issues that the region is facing. you are right, the region could start to look at the examples. being in the business network, a lot of people have estimated as being as much as of $100 billion per year industry. i spoke with one entrepreneur in seattle who is looking at uruguay very closely and was spending some time there
Search Results 0 to 22 of about 23